In those halcyon days before section 67, and the regulatory impositions of the disclosure regulations, did changes to pension schemes seem to go more smoothly? Perhaps in those days of higher inflation a change to guarantee inflation-linked increases to pensions capped at, say, 5% seemed an improvement on fixed increases of, say, 3% per annum. And such changes may have applied to all service, future and past, as it was better, so impacting on pensions in payment and deferred pensions. But was everyone told about it? With pension increase rules in the spotlight at the moment following the Government’s switch from RPI to CPI, it’s a good time to check.
Archive for May, 2011
When is two years not enough? When it comes to the Pensions Regulator’s powers to issue a financial support directionTuesday, 3 May 2011
Since coming into force in April 2005, the goal posts on the Pensions Regulator’s moral hazard powers have moved a number of times and are set to move again, assuming that the Pensions Bill 2011 is enacted in its present form.